FCNR RATE | Union Bank of India

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FCNR RATE

Interest Rates FCNR(B)/RFC

UNION BANK OF INDIA

REVISION IN RATES OF INTEREST ON
FCNR (B) AND RFC DEPOSITS

FCNR (B) Deposits:

The details of revised rates of interest on FCNR (B) & RFC term deposits in the permitted currencies w.e.f. 01.01.2021 are given below:

PERIOD	USD< 300,000		USD >= 300,000		GBP		EUR
	Existing	Revised	Existing	Revised	Existing	Revised	Existing	Revised
1 YR<2YRS	0.88	0.87	0.88	0.87	0.48	0.44	0.01	0.01
2YRS<3YRS	0.77	0.72	0.87	0.82	0.51	0.45	0.01	0.01
3YRS<4YRS	0.86	0.79	0.96	0.89	0.57	0.52	0.01	0.01
4YRS<5YRS	0.88	0.85	0.98	0.95	0.62	0.57	0.01	0.01
5YRSONLY	0.91	0.90	1.01	1.00	0.67	0.60	0.01	0.01

FCNR (B) Deposits:

PERIOD	JPY		CAD		AUD
	Existing	Revised	Existing	Revised	Existing	Revised
1 YR<2YRS	0.01	0.01	0.72	0.69	0.14	0.13
2YRS<3YRS	0.04	0.04	0.63	0.57	0.15	0.18
3YRS<4YRS	0.05	0.05	0.73	0.67	0.22	0.09
4YRS<5YRS	0.06	0.05	0.82	0.79	0.28	0.05
5YRSONLY	0.06	0.06	0.98	0.95	0.36	0.03

RFC Deposits::

PERIOD

USD < 300,000

USD>= 300,000

GBP

EUR

JPY

CAD

AUD

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

TERM DEPOSITS

6 MONTHS to <1 YR

0.88

0.87

0.88

0.87

0.48

0.44

0.01

0.01

0.01

0.01

0.72

0.69

0.14

0.13

1 YR to <2 YRS

0.88

0.87

0.88

0.87

0.48

0.44

0.01

0.01

0.01

0.01

0.72

0.69

0.14

0.13

2 YRS to <3 YRS

0.77

0.72

0.87

0.82

0.51

0.45

0.01

0.01

0.04

0.04

0.63

0.57

0.15

0.18

3 YRS

0.86

0.79

0.96

0.89

0.57

0.52

0.01

0.01

0.05

0.05

0.73

0.67

0.22

0.09

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